Visit Us On TwitterVisit Us On FacebookVisit Us On Linkedin

Income Statement

An income statement, otherwise known as a profit and loss statement, basically adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to come up with a profit or loss for the period.

An income statement allows you to…

  • Track revenues and expenses so that you can determine the operating performance of your business.
  • Determine what areas of your business are over-budget or under-budget.
  • Identify specific items that are causing unexpected expenditures. Like phone, fax, mail, or supply expenses.
  • Track dramatic increases in product returns or cost of goods sold as a percentage of sales.
  • Determine your income tax liability.

Send us a Message

    ABOUT US

    We Speak Your Language
    Accounting is the language of enterprise, and we speak it fluently. We can translate your goals into plans, your operations into results, and your oversight into clarity.

    Commitment
    In an ever-changing business environment, the firm’s commitment has remained the same: Service, Quality, and Integrity.

    Newsletter

    Contact Us

    • 8119 Shannon Aly
    • Laurel MD 20724
    • Phone: 2405995907, 2404863003
    • Fax: 2406730070
    • Email: Info@7LinksCPA.com
    •    

    @Design by Craftive Logos.

    Visit Us On TwitterVisit Us On FacebookVisit Us On Linkedin